flyer firstaveapts franklinstreet - loopnet...• well-maintained, 100% occupied asset with strong...

PROPERTY HIGHLIGHTS• Centrally Located With Direct Access to Major Transportation

• Close Proximity to Recently Approved Pompano Beach Innovation District

• Well-Maintained, 100% Occupied Asset With Strong Income Day One

• Unit Mix Consisting of Large One and Two Bedroom Units

• Modest Value-Add Opportunity With Nearly 10% in Rental Increases

JUST REDUCED!FIRST AVE APARTMENTS

18 UNITS | 11,300 SF MULTIFAMILY PROPERTY

New Listings Posted Daily at FranklinSt.com

3321 NE 1st AvePompano Beach, FL 33064

Price: $2,475,000

Cap Rate: 5.25%

Price PSF: $219.03

Number of Units: 18

Net Operating Income: $129,975.00

Square Feet: 11,300 SF

Land Area: 0.56 Acres

Year Built: 1970

Current Occupancy: 100.0%

Tenancy: Multiple

INTERESTED IN INVESTING?CONTACT OUR TEAM FOR MORE INFORMATION

Dan Dratch AJ Stanford Greg MatusSenior Associate Senior Associate SVP, Investment Sales954.312.1677 954.660.9813 954.671.1821dan.dratch@franklinst.com aj.stanford@franklinst.com greg.matus@franklinst.com

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